PlainsCapital Bank
Encyclopedia
About PlainsCapital Bank
PlainsCapital Bank, a subsidiary of PlainsCapital CorporationPlainscapital corporation
-About PlainsCapital Corporation:Headquartered in Dallas, PlainsCapital Corporation is one of the largest independent financial institutions in the U.S. with 300 locations in 39 states and over 3,100 employees. PlainsCapital was founded by current Chairman and CEO Alan B...
, is one of the largest independent banks in Texas with approximately $5.2 billion in assets. PlainsCapital operates 34 branches in Arlington
Arlington, Texas
Arlington is a city in Tarrant County, Texas within the Dallas–Fort Worth metropolitan area. According to the 2010 census results, the city had a population of 365,438, making it the third largest municipality in the Metroplex...
, Austin
Austin, Texas
Austin is the capital city of the U.S. state of :Texas and the seat of Travis County. Located in Central Texas on the eastern edge of the American Southwest, it is the fourth-largest city in Texas and the 14th most populous city in the United States. It was the third-fastest-growing large city in...
, Dallas
Dallas, Texas
Dallas is the third-largest city in Texas and the ninth-largest in the United States. The Dallas-Fort Worth Metroplex is the largest metropolitan area in the South and fourth-largest metropolitan area in the United States...
, Fort Worth
Fort Worth, Texas
Fort Worth is the 16th-largest city in the United States of America and the fifth-largest city in the state of Texas. Located in North Central Texas, just southeast of the Texas Panhandle, the city is a cultural gateway into the American West and covers nearly in Tarrant, Parker, Denton, and...
, Lubbock
Lubbock, Texas
Lubbock is a city in and the county seat of Lubbock County, Texas, United States. The city is located in the northwestern part of the state, a region known historically as the Llano Estacado, and the home of Texas Tech University and Lubbock Christian University...
, San Antonio
San Antonio, Texas
San Antonio is the seventh-largest city in the United States of America and the second-largest city within the state of Texas, with a population of 1.33 million. Located in the American Southwest and the south–central part of Texas, the city serves as the seat of Bexar County. In 2011,...
and Weatherford
Weatherford, Texas
Weatherford is a city in Parker County, Texas, United States, and a western suburb of Fort Worth. The population was 19,000 at the 2000 census. It is the county seat of Parker County and is part of the Dallas-Fort Worth Metroplex.-Geography:...
. The bank, which is led by CEO Jerry Schaffner, employs more than 600 people.
In Arlington, Austin, Dallas, Fort Worth and San Antonio, PlainsCapital Bank operates as a commercial bank and targets middle market companies and high net worth individuals. In Lubbock and Weatherford, the bank operates as a retail bank.
History
In 1988, PlainsCapital Corporation, led by current chairman and CEO Alan B. White, acquired Plains National Bank in Lubbock, Texas. Over the next 10 years, Plains National's service offerings grew and it became the largest bank in Lubbock with approximately $878 million in deposits. In 1999, Plains National Bank expanded to Dallas and opened its first branch on Turtle Creek Blvd. In 2003, Plains National changed its name to PlainsCapital Bank.Timeline
1988 PlainsCapital Corporation acquires Plains National Bank in Lubbock with $198.8 million in assets.
1999 PlainsCapital Bank grows to $878 million in assets and expands outside West Texas by opening its first Dallas branch.
2000 PlainsCapital Bank enters the Austin market. PlainsCapital Bank reaches $1 billion in assets.
2003 PlainsCapital Bank undergoes name change to PlainsCapital Bank. PlainsCapital Bank enters the Fort Worth market. PlainsCapital Bank reaches $2 billion in assets.
2004 PlainsCapital Bank enters the San Antonio market.
2005 PlainsCapital Bank reaches $2.5 billion in assets.
2006 PlainsCapital Bank enters the Weatherford market.
2007 PlainsCapital Bank reaches $3 billion in assets.
2008 PlainsCapital Bank enters the Arlington market. PlainsCapital Bank reaches $3.5 billion in assets.
2009 PlainsCapital Bank reaches $4.5 billion in assets.
2010 PlainsCapital Bank reaches $5 billion in assets.
Markets
LubbockPlainsCapital Bank was founded in Lubbock in 1988. Today, Lubbock is the bank's largest retail market, operating 13 branches and 26 ATMs in the area. The Lubbock market is led by one of the bank's founders, John Owens, Region Chairman.
Dallas
In 1999, PlainsCapital Bank opened the doors to its first Dallas branch located on Turtle Creek Boulevard. Soon branches in North Dallas, Frisco, Carrollton, Preston Center, and most recently, Victory Park were opened. Today, PlainsCapital Bank operates eight branches in the Dallas area, including ATMs at the American Airlines Center in Victory Park.
Austin
PlainsCapital Bank entered the Austin market in 2001 with the opening of its downtown location. Today, the Austin market has grown to and operates five branches and seven ATMs in Austin and Round Rock, Texas.
Fort Worth
PlainsCapital Bank entered the Fort Worth market in 2003 with the opening of its Western Place office. To kick-off PlainsCapital's entry into Fort Worth, the bank sponsored the PlainsCapital Fort Worth Bowl (now called the Bell Helicopter Armed Forces Bowl) in 2003 and 2004. Today, the bank operates three Fort Worth branches and one in Arlington.
San Antonio
In May 2004, PlainsCapital entered the San Antonio market with the opening of its Renaissance Plaza location. Two more San Antonio locations soon followed, including Stone Oak and Fountainhead.
Weatherford
PlainsCapital entered the Weatherford market in 2006 with the opening of its branch on Santa Fe Drive. Today, Weatherford is the bank's second largest retail market.
Philanthropy
PlainsCapital employees generously give their time and talent through board participations, blood drives and service events to help improve the quality of life in the communities where they live and work to organizations including the United Way, March of Dimes, American Diabetes Association, cancer research and numerous others. The bank concentrates their philanthropic efforts on programs that support education, health and wellness, and neighborhood improvement.In the news
PlainsCapital Bank drew media coverage due to a lawsuit with Plano-based Hillary Machinery, Inc. regarding fraud. While PlainsCapital aided in recouping much of the funds, according to the suit, the bank sought to avoid refunding Hillary Machinery the remaining $205,000 that was taken from their account by overseas hackers using valid credentials. Romanian hackers transferred large sums of cash to an overseas checking account without adequate security measures. While the transfers were initiated using valid log-in credentials, the customer alleges there were details that should have stopped the transfers. According to the Hillary Machinery, the money was being transferred to foreign destinations. Transfers were made in a two- or three-day period, many of them involving sums that were outside the normal range of transfers initiated by the customers. Some of the transfers involved sums in excess of $100,000, while others were as small as $2,500. Each of the transfers was also made to a different account, which was unusual. (http://mobile.computerworld.com/device/article.php?CALL_URL=http://www.computerworld.com/s/article/9149218/Bank_sues_victim_of_800_000_cybertheft)Locations
PlainsCapital Bank operates 34 banking centers in the following Texas markets:- ArlingtonArlington, TexasArlington is a city in Tarrant County, Texas within the Dallas–Fort Worth metropolitan area. According to the 2010 census results, the city had a population of 365,438, making it the third largest municipality in the Metroplex...
(1) - AustinAustin, TexasAustin is the capital city of the U.S. state of :Texas and the seat of Travis County. Located in Central Texas on the eastern edge of the American Southwest, it is the fourth-largest city in Texas and the 14th most populous city in the United States. It was the third-fastest-growing large city in...
(4) - CarrolltonCarrollton, Texas-Climate:*On average, the warmest month is July.*The highest recorded temperature was 112°F in 1980.*The average coolest month is January.*The lowest recorded temperature was 1°F in 1989.*The most precipitation on average occurs in May....
(1) - DallasDallas, TexasDallas is the third-largest city in Texas and the ninth-largest in the United States. The Dallas-Fort Worth Metroplex is the largest metropolitan area in the South and fourth-largest metropolitan area in the United States...
(6) - Fort Worth (3)
- FriscoFrisco, TexasFrisco is an affluent city in Collin and Denton Counties in the U.S. state of Texas and a rapidly growing suburb of Dallas. As of the 2010 Census, 116,989 people were living in Frisco up from 33,714 in the previous census. Frisco was the fastest growing city in the United States in 2009, and also...
(1) - LubbockLubbock, TexasLubbock is a city in and the county seat of Lubbock County, Texas, United States. The city is located in the northwestern part of the state, a region known historically as the Llano Estacado, and the home of Texas Tech University and Lubbock Christian University...
(13) - Round RockRound Rock, TexasRound Rock is a city in Travis and Williamson counties in the U.S. state of Texas. It is part of the metropolitan area. The 2010 census places the population at 99,887....
(1) - San AntonioSan Antonio, TexasSan Antonio is the seventh-largest city in the United States of America and the second-largest city within the state of Texas, with a population of 1.33 million. Located in the American Southwest and the south–central part of Texas, the city serves as the seat of Bexar County. In 2011,...
(3) - WeatherfordWeatherford, TexasWeatherford is a city in Parker County, Texas, United States, and a western suburb of Fort Worth. The population was 19,000 at the 2000 census. It is the county seat of Parker County and is part of the Dallas-Fort Worth Metroplex.-Geography:...
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External links
- http://www.plainscapital.com
- http://www.facebook.com/plainscapitalbank